News Formal

Chevron buys Hess for $53 billion in 2nd major oil merger this month

  • 📰 latimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Chevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply in early 2022 with Russia's invasion of Ukraine and are hovering around $90 per barrel after ticking 9% higher this year, meaning big drillers are flush with cash and looking for places to invest piles of cash.

“In addition, Hess increases Chevron’s estimated production and free cash flow growth rates over the next five years, and is expected to extend our growth profile into the next decade supporting our plans to increase our peer-leading dividend growth and share repurchases.” Chevron is paying for Hess with stock. Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. Including debt, Chevron valued the deal at $60 billion.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 11. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Chevron’s $53 billion Hess buyout is the 2nd biggest energy sector acquisition in 2 weeksThe deal comes after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
출처: aldotcom - 🏆 82. / 68 더 많은 것을 읽으십시오 »

Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeksChevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
출처: KSLcom - 🏆 549. / 51 더 많은 것을 읽으십시오 »

Chevron buys Hess for $53 billion as the biggest US oil companies get even bigger“Everyone that Jake met, he lit up the room with them. He made an impact. They fed off his energy and his love and compassion,' Jake Todd's brother Bryan said.
출처: 9NEWS - 🏆 238. / 63 더 많은 것을 읽으십시오 »

Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerAs we get closer to Halloween, we wanted to check some of the spookiest spots in Texas.
출처: KHOU - 🏆 330. / 59 더 많은 것을 읽으십시오 »